Vol: 8, Issue: 2 2018

Page: 41-67

Dotcom Bust (1999) & Supreme Crisis: An Analysis of the Twin Recession on US and Indian Economy

Mehul Shorewala

World has witnessed a tremendous amount of growth in recent years. But as it is said history repeats itself, world is undergoing another crisis as previously in 1929 or Dot Com Bust in 1999. Crisis in general means a unstable situation or occurrence of undesirable event. But in economic terms crisis happens when the economy growth decreases, there is bankruptcy or financial distress in many companies, widespread job cuts and companies major share of assets lose their value.